Registration ENDS on Wednesday, 19 Jan 2022 at 9:30am EST. No new participants may sign up after that date except under extenuating circumstances.
Rule 2: Competition Start
The ‘start’ of the Competition is taken to mean ‘the first day upon which participants’ end-of-day account values will be tracked and used for scoring and ranking’.
The start date will be selected by The Architect as the earliest date on which all IBKR paper trader accounts created by ‘good faith participants’ have become active and ready to trade.
Since it can take a day or two for everyone’s paper trading accounts to come fully online and active, it’s difficult to pin down an exact start date in advance
The Architect will use the Registry to make a best-effort determination of the start date
The start date will be announced as soon as possible by email, on Slack, and on the website
Note that, because participants are scored and ranked by Sharpe Ratio, the exact ‘start date’ shouldn’t really matter much in the first place, but it’s important for the Competition to be methodical about this in the event of a close tie.
‘Good faith participants’ means those participants who filled out and submitted their IBKR Paper Trader forms as soon as they were able.
‘Good faith participants’ does not mean those participants who never bothered to:
submit their paper trader forms promptly
read their Competition email updates and take appropriate action
DM The Architect on Slack to ask for help with any technical issues
Rule 3: Competition End
The Competition will end on Wednesday, 13 Apr 2022 at 4pm EST.
Your end-of-day mark-to-market portfolio value on Wednesday, 13 Apr 2022will be included in the final scoring.
Rule 4: Non-Participants
Participants who have not made a complete, round-trip trade by the Paper Trader Cutoff Date are considered “non-participating traders”.
Non-participating traders are welcome to trade all they want. Their info and traderpages will continue to be tracked and updated, but they won’t be included trading competition scoreboards and they are not eligible for prizes.
Rule 5: Scoring
Scoring will be based on Sharpe Ratio (highest wins). Please see the following pages for more detailed information:
Your Sharpe ratio will be calculated using all data available from the start date onwards; in other words, it might be best for you to start trading as soon as you can so that you don’t have a lot of 0% return days at the beginning of the competition dragging down your overall return.
Rule 6: No Account Resets
Account resets will not be allowed in this competition.
Be sure that any orders you make on your trading account are what you really want – use the Demo account for practice.
Rule 7: Pruning of Old / Unwanted Accounts
You must make at least one trade per month; otherwise, your account will be considered unwanted and will be deleted.
If this happens, you’re welcome to make a new account at any time.
Rule 8: When in Doubt, Ask The Architect
It is your responsibility to contact The Architect on Slack with any questions, concerns, or techical issues you have in as prompt a fashion as you are able.
Rule 9: Teams are Allowed
You can work by yourself or with others. Be sure to figure out how you’re going to split up your prize money ahead of time if you win!
Rule 10: Trade Whatever you Want
Anything that is tradable within your system is valid for the Competition.